by Pierre Philantrope | Jun 21, 2023 | Tax Tip
Taxpayers’ tax liabilities could be drastically changed after a divorce. However, when a couple is contemplating a divorce, a discussion with their lawyers and tax advisors related to tax implications of their divorce could greatly help in controlling the tax...
by Pierre Philantrope | Jun 14, 2023 | Tax Tip
Getting a letter from the IRS could be very stressful. It gets worse when you spend time trying to resolve the problem yourself and you are not getting any positive result. IRS tax debt affects many aspects of our life. IRS problems could be extremely complicated....
by Pierre Philantrope | Jun 7, 2023 | Tax Tip
The Internal Revenue Service would, in some cases, audit tax returns to ensure that taxpayers adequately pay their tax. Knowing what the IRS will look for during an audit and getting prepared in case of an audit save taxpayers time and money. A tax audit can go on for...
by Pierre Philantrope | May 31, 2023 | Tax Tip
In Cardiovascular Center LLC v. Commissioner of Internal Revenue Service, the Tax Court had to determine the employment status of the workers at cardiovascular Center, LLC pursuant to IRC section 7436. In a Notice of Employment Tax Determination of Worker...
by Pierre Philantrope | May 24, 2023 | Tax Tip
Business Owners Can Hire their Children to Lower their Tax Liabilities Summer is coming! If you have not taken advantage of the tax benefit of hiring your kids because you want them to focus on their school activities, why not change your focus to get a huge tax...
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